EDE 0.00% 0.2¢ eden innovations ltd

That excitement didn’t last long, page-131

  1. 5,865 Posts.
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    Ok. Quickly looked at the daily chart, which clearly shows one mother of a "head and shoulders" pattern. So depending on whether you are an optimist or pessimist, the thing to watch is whether this can break higher from here and preferably through to around 11c. If it does that, the H and S pattern looks broken, but the 11 to 13c mark could provide a further area of congestion. That's fine, a rest at that stage would be healthy.

    I just have an inkling that their may have bee many irons in the fire that were waiting for the Twiggs County deal to come off. Now that it has, its on for young and old

    Either way, that horrible downtrend of nearly 2 and a half years is well and truly broken, and the massive volumes appearing the last week or so, is proving the old adage I stated some time ago of be greedy when others are fearful.

    GLTAH
 
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